Bookmark Article
In 2024, employers ended the year on a high note with a significant increase in hiring, adding 256,000 jobs in December, leading to a healthy unemployment rate of 4.1 percent. The strong employment growth signaled renewed vigor after a period of reserve, with average hourly earnings rising above inflation. Although the robust numbers may deter further interest rate cuts, the economy under President Biden has shown remarkable resilience, with a broad range of industries contributing to the positive trend, despite some challenges ahead for the labor market.
Full Article
